Agree. I suspect that we’ll see the JV/offtake partner announced with, or immediately following, the permit approvals (which might not be far off). I read an article today from early august that discussed the two recent permit approvals for CCS that have been granted and it mentioned there are three more to come. Presumably PGY is one of those. That’s a very appealing double whammy of news and one that will cause quite a stir.
While all the pieces of the strategy fall into place, the chart is looking great too. If we pop through 3.1 tomorrow then it’s off to the races but there’s a chance we put in another contraction from this resistance at 3.1. Not fussed tbh as it’s just setting up a stronger chart and soaking that supply.
It’s ways great to see the technical and fundamentals come together like this. High conviction position for me.
PGY Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
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